Reliance Industries Ltd (RIL) on Thursday said its subsidiary has picked up 85 per cent stake in NowFloats Technologies for a cash consideration of Rs 141.63 crore. The stake purchase is aimed at strengthening the...
U.S. Justice Department to review Google’s deal for Fitbit: source
The U.S. Justice Department will review plans by Alphabet Inc-owned Google to buy fitness tracker maker Fitbit Inc for possible antitrust issues, a source told Reuters on Tuesday. The $2.1 billion deal will give search...
Britain’s competition watchdog reviewing Google’s Looker buyout deal
Britain’s competition watchdog on Monday said it was probing Google’s $2.6 billion buyout of privately held big-data analytics firm Looker Data Sciences. The Competition and Markets Authority (CMA) said it was...
Wipro bets big on acquisitions to bolster its digital business
Bengaluru-based software services firm Wipro Ltd is strengthening its digital business inorganically through strategic acquisitions of digital-native companies. Digital is a crucial part of Wipro’s business...
SAP founder and chairman sells 100 million euro stake, holding now 6.2%
Hasso Plattner, co-founder and chairman of German software house SAP, has sold a stake worth around 100 million euros ($111 million), putting a slight dent in his multi-billion-euro holding. The divestment, disclosed in...
Tech Mahindra acquires New York-based BORN Group for $95 million
IT services firm Tech Mahindra Ltd (Tech M) has acquired BORN Group, a New York-based digital content and production agency, for $95 million in an all-cash deal. BORN’s services include consulting, content creation...
Google to buy wearables maker Fitbit for $2.1 billion
Google has agreed to buy Fitbit for $2.1 billion in a move giving the US tech giant entry into the wearable technology space, the two companies announced Friday. The move comes with Google seeking to expand beyond its...
France’s Atos to sell part of minority stake in payments company Worldline
French technology company Atos said it would sell part of its minority stake in payments group Worldline with the disposal of around 1.2 billion euros ($1.33 billion) worth of shares. Atos said it was selling a 12%...
Genpact buys US digital consultancy Rightpoint
Genpact said it would buy digital consultancy Rightpoint, for an undisclosed amount, as the business process management company looks at boosting its ability to win digital transformation projects. Chicago-based...
Buyout firm Apollo Global in $5 billion bid for Tech Data – sources
Private equity firm Apollo Global Management LLC has approached Tech Data Corp with an offer to acquire the U.S. information technology equipment distributor for close to $5 billion, people familiar with the matter said...
Infosys acquires 1,400 strong contact centre in Ireland
Infosys has acquired a 1,400-employee contact centre company in Ireland for an undisclosed amount. Eishtec informed employees of the transaction on Monday and told them they would be transferred to the Bengaluru-based...
Wipro completes acquisition of US-based ITI
IT major Wipro on Friday said it has completed the acquisition of US-based International TechneGroup Incorporated (ITI). Wipro had announced in June that it will acquire ITI, which provides computer aided design and...
